Bionic, a Palo Alto, CA-based Application Security Posture Management platform, closed a $65m Series B funding.
The round was led by Insight Partners with participation from existing investors Cyberstarts and Battery Ventures.
The company intends to use the funds to expand investment in R&D and scale its sales and customer success teams.
Founded in 2019 by Idan Ninyo and Eyal Mamo, Bionic is an Application Security Posture Management (ASPM) platform that proactively reduces security, data privacy, and operational risk by continuously analyzing the entire architecture of applications as they evolve and change in production. It provides visibility into the application layer to help organizations manage the risk of their services, APIs, dependencies, and data flows in production.
Since launching from stealth in December 2020, Bionic has experienced growth and helped dozens of customers such as GSK, Armis, Chipotle, Freddie Mac, and Inspire Brands to accelerate their digital transformation projects and de-risk their application security posture.
